To calculate effective rate, we need:
A. Only rate
B. Rate and frequency
C. Time only
D. Principal only
To calculate effective rate, we need: Read More »
Interest Mcqs
CI compounds interest on:
A. Principal only
B. Previous interest
C. New principal
D. Both principal and interest
CI compounds interest on: Read More »
Simple interest formula treats time in:
A. Years
B. Only months
C. Days
D. Frequency
Simple interest formula treats time in: Read More »
Floating interest refers to:
A. Fixed interest
B. Variable interest
C. Zero interest
D. Nominal interest
Floating interest refers to: Read More »
If principal is 0, interest earned =?
A. Principal
B. Zero
C. Amount
D. Rate
If principal is 0, interest earned =? Read More »